ICAP plc (LON:IAP), a leading markets operator and provider of post trade risk mitigation and information services, announced today that independent non-executive director Diane Schueneman will step down from the Board.
The change is effective December 31, 2015.
Ms Schueneman, who plans to concentrate on other commitments, will resign from her roles as member of the Nomination, Audit, Risk and Remuneration Committees of ICAP. She will also resign from her role as non-executive director of ICAP Global Derivatives Limited and ICAP SEF (US) LLC.
Commenting on the news Charles Gregson, Chairman of ICAP, said:
“Diane has been a longstanding member of the ICAP Board and has made an excellent contribution over these past five years. On behalf of all members of the Board, I would like to thank her for all she has given ICAP”.
Ms Schueneman was previously an independent consultant to the US Internal Revenue Service Commissioner for McKinsey & Company. She commenced her career at Bank of America Merrill Lynch (formerly Merrill Lynch) in 1971 where she held a set of roles and, until 2008, was Senior Vice President, Head of Global Infrastructure Solutions and a member of the Executive Operating Committee.
Ms Schueneman previously served on two not-for-profit boards, Year Up and National Cooperative Cancer Network Foundation, and was on the advisory board of United Bank for Africa Group – New York Branch.
You can view the official announcement on the directorate change by clicking here.